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Nearby King Street is already home to a number of small, independent galleries.

Is this really what the Saltmarket needs?

ONE of Glasgow city centre’s most neglected corners is to be revitalised with an ambitious housing development.

City planners have approved a landmark eight-storey building, with 65 new apartments, on vacant land at Jocelyn Square, behind the historic Saltmarket.

City developer NV Properties believes the building – which will have sides facing onto the Bridgegate, St Margaret’s Place and Mart Street – will help to bring major regeneration to the area after years of neglect.

The one, two and three-bedroom flats, some with balconies, will range in size from 500sq ft to almost 1000sq ft.

They will be near Paddy’s Market, minutes away from the Merchant City’s cafes, shops and bars and a short walk to city centre amenities.

Underground parking is planned for some of the high-spec, loft-style apartments, which will share a central atrium.

The ground floor will offer retail units, which the developer hopes will attract businesses such as galleries and coffee shops.

A spokeswoman for NV Properties said of the multi-million pound project: “This is an exciting development.

“The Saltmarket has been a neglected part of the city for some time and we look forward to helping breathe new life into the area.

“The building is unusual because you’ll be able to see all sides of it from four different streets.

“It has an exciting design and will be finished in red brick to blend in with existing tenements.”

Despite being rundown for decades, over recent years the area surrounding the Saltmarket has become a hub for artists and musicians.

Nearby King Street is already home to a number of small, independent galleries.

NV Properties is tight-lipped about prices for the apartments but a property insider believes the three-bedroom flats could fetch as much as £230,000.

The nearby Merchant Building at Glasgow Cross offers 140 swanky new homes, including eight penthouses, with prices starting at £189,000 for a two-bedroom apartment.

8:30am Wednesday 4th April 2007

By Marianne Taylor

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